The Ordinary Business of Life: A History of Economics from the Ancient World to the Twenty-First Century - New Edition
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205
978-0691252018
Princeton University Press
2024
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loginHesiod defined the basic economic problem as one of scarce resources, a view still held by economists today. Diocletian tried to save the Roman Empire with wage and price fixes―a strategy that has not gone entirely out of style. Roger Backhouse takes readers from the ancient world to the frontiers of game theory, mechanism design, and engagements with climate science, presenting an essential history of a discipline that economist Alfred Marshall called “the study of mankind in the ordinary business of life.
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